And, yes, I DO take it personally: Yeah, yeah, yeah... You make an obscenely lowball bid to cash in on people's pain, you get a little resistance...

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And, yes, I DO take it personally

Monday, March 24, 2008

Yeah, yeah, yeah... You make an obscenely lowball bid to cash in on people's pain, you get a little resistance...

no matter which way you turn, it's still going to be the average joes who are going to get screwed in this deal...

JPMorgan Raises Bid for Bear Stearns to $10 a Share

The sweetened offer is intended to win over stockholders who
vowed to fight the original fire-sale deal, struck only a
week ago at the behest of the Federal Reserve and Treasury
Department.

Labels: Bear Stearns, economic collapse, economy, Federal Reserve System, financial markets, financial meltdown, JPMorgan Chase, Treasury Department